I'm not so convinced into the idea of smartwatches yet. The only thing I find useful is that it enables you to check notifications and stuff without pulling your phone out of your pocket.
If it costs like 20-30K, I prefer buying a Rolex, Rado or something. Heck even 15K.
If the smartwatch battery lasts as long as a week (which is currently hard to achieve) then It'll be useful as not many people are used to charging their watches yet.
If the smartwatch is rugged enough to survive some of my hiking trips (water proof, shockproof etc.), then it's worth considering because it'll be useful to check maps.
The design of the watch seems pretty cool and also it's watch faces. If Tizen could run Android apps, then it could compete with some smartwatches like Pebble.
I bet smartwatches will be perfected by like next year but for now, naaah.